Workflow
金杯汽车(600609.SH):拟挂牌转让铁岭华晨橡塑95%股权

Core Viewpoint - Jinbei Automobile (600609.SH) plans to transfer 95% equity stake in its subsidiary, Tieling Huachen Rubber & Plastic, through public listing due to the company's financial struggles and the bankruptcy of its major clients [1] Group 1: Company Actions - The company intends to sell its stake in Tieling Huachen Rubber & Plastic, which has a shareholder equity assessment value of -77.3644 million RMB [1] - The initial listing price for the stake will not be less than 1 RMB [1] Group 2: Financial Situation - Tieling Huachen Rubber & Plastic is currently insolvent and unable to turn a profit, prompting the company to take action to prevent state asset loss [1] - The company has been financially supporting Tieling Huachen Rubber & Plastic in recent years to aid its strategic transformation [1] Group 3: Client Impact - The bankruptcy of major clients, Huachen Zhonghua Automobile and Huachen Renault Jinbei Automobile, has significantly impacted Tieling Huachen Rubber & Plastic's operations [1]